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Cyber Security Expert on Bank Hack Attacks

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    Carl Herberger of Security Solutions for Radware on Iran's role in cyber attacks on banks.

  • Duration 3:50
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This transcript is automatically generated

Thank you.

I ran -- targeting your bank account.

Cyber security experts say Tehran is behind the recent wave of hike hack attacks on US bags and joining us now get cyber expert -- her murder security solutions vice president.

For -- Brad -- thanks for joining us so -- I -- -- citizen.

-- war now war that's.

Called it's okay no problem bro that's at the heart of this how shore are they that Iran is deathly that the culprit here.

It's a good question and it's for getting a lot of reports from the US government in particular special spokesman otherwise that.

That -- some state sponsored elements of these attacks that are going on we.

And -- -- I do mostly focused on the tools.

And the tactic to try to protect these institutions from so.

Although we've seen some indications that some of these tools or innovative there are sophisticated.

We don't have definitive sources.

That we're able to say that this is coming from one nations.

Okay but does certainly defense officials org or government officials are you sure have to come out with this story that's of their packet and the banks on the big name banks all over the place.

And did so far though that it appears -- they're not taking customer data and information Norma taking -- -- money so what are they doing what's going on you Dennis is any sort of the old days people tac thanks for financial data for it to try to get David -- and that.

That's the going -- And now today there's an ideological battle that's spilling on over into the cyber world and are trying to take advantage of systems trying to get rid of if you will western capitalistic systems.

So what you see here is somebody or some entity -- a whole host a cacophony folks are trying to take down.

An entire environment of financial institutions.

I -- know -- there's nothing like injuring America they're making its I can't get to my online check paying -- boy that's just a devastating impact there.

I'm I'm wondering why Iran audience if they're gonna get so bold as to attack US banks.

On to go after the Pentagon is -- because the Pentagon has that policy I believe recently declared with a say hey if you pack attack us that's an act of war.

Yes it is there's some new evolution in the in the fight back strategies one of them is is called -- -- call an act of self defense or.

Cyber attack or something along these lines active active defense.

And does some company corporates -- these are getting their heads around this notion it's not a notion that has been resident corporate America for very long.

So.

Yes there's been some identifications and new vulnerabilities of some of the financial institutions are quickly getting.

Their heads around those vulnerabilities -- by and large most the institutions are well safe.

Time that there are a lot of institutions that have been able to protect themselves and are good effective strategies out there people are employing them.

Quickly yeah.

Now -- of this is yet again another denial of service attack on the -- where hackers in -- And taking over so little networking and they bombard thousands and thousands of requests or something on unless they freeze the system.

What I can understand is.

Why can't you guys in the -- business fix this denial of service have been around for thirty years or more how can you guys haven't been able to kind of do away with this.

Yes that's a good question you know availability of your systems is of Paramount Al -- the whole way that social networking to Twitter.

Every second means everything right so as we get more more connected availability is a bigger bigger issue as then the threats become a bigger and bigger issue.

It's not easy to determine if legitimate -- illegitimate traffic in today's networking world people look now all the same on a network.

So it's risen again in importance it'll subside again -- and security -- a security on -- and you're gonna tell me is not true that the rise of the cloud and are stored everything up there in the air is helping hackers know it's clearly true it is in -- -- -- -- no problem -- Has manifested itself through the class we've -- And worried about that you know -- put everything -- -- all right thanks for being with us Karl her friend Richard.

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